Home Insurance Glossary - Surplus

The Definition of "Surplus" is:

The remainder after an insurer's liabilities are subtracted from its assets. The financial cushion that protects policyholders in case of unexpectedly high claims.
(See: Capital - Risk-based capital)


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Salvage Schedule Secondary Market Section 1035 Exchange Section 415 Securities And Exchange Commission (SEC) Securities Outstanding Securitization Of Insurance Risk Segregated Account Self-insurance Settlement Options Severity Sewer Back-up Coverage Shared Market Short-term Disability Income Insurance Single Premium Annuity Single Premium Policies Soft Market Solvency Specified Disease Coverage Spendthrift Trust Clause Split-dollar Life Insurance Plan Spread Of Risk Stacking Standard Risk Class Statutory Accounting Principles (SAP) Stock Insurance Company Straight Life Annuity Structured Settlement Subrogation Substandard Premium Rates Substandard Risk Class Suicide Exclusion Provision Superfund Supplemental Coverage Surety Bond Surplus Lines Surplus Surrender Charge Surrender Cost Comparison Index Swaps.
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